Latest News Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation Published 2 weeks ago on May 4, 2022 By Lyron Foster Wednesday’s rate hike will push the federal funds rate to a range of 0.75%-1%. Related Topics: Up Next Fed hikes interest rate another half point in effort to curb inflation Don't Miss Workplace ‘banter’ is becoming increasingly problematic Lyron Foster Lyron Foster is a Hawaii based African American Musician, Author, Actor, Blogger, Filmmaker, Philanthropist and Multinational Serial Tech Entrepreneur. Continue Reading You may like Comments